- Spain has introduced new VAT adjustments
- End of temporary zero VAT rate on essential foodstuffs
- Olive oil to benefit from 4% reduced VAT rate starting January 2025
- Seed oils and pasta see VAT increase from 5% to 7.5%
- VAT rates for electricity, natural gas, and wood for energy to rise to 10% in 2024
- Changes reflect Spanish government’s efforts to balance fiscal policy with consumer and economic needs
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
